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    EDP   PTEDP0AM0009

EDP - ENERGIAS DE PORTUGAL, S.A.

(EDP)
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Real-time Euronext Lisbonne  -  11:35 2022-08-09 am EDT
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EDP - Energias de Portugal, S.A., informs: EDP strengthens its position in APAC with two solar projects totalling 200 MWac in Vietnam

06/27/2022 | 07:05am EDT

Investors &

Analysts'

Briefing

Reuters: EDP.LS

Bloomberg: EDP PL

EDP STRENGTHENS ITS POSITION IN APAC WITH TWO SOLAR PROJECTS TOTALLING 200 MWac IN VIETNAM

Lisbon, June 27th, 2022: EDP - Energias de Portugal, S.A. ("EDP"), through its 74.98% owned subsidiary EDP Renováveis, S.A. ("EDPR"), has reached an agreement with Xuan Thien Group, one of the main developers in Vietnam, to acquire two solar PV projects totalling 200 MWac (255 MWdc).

The projects are located at the Thuan Bac district in Vietnam, having started operations in 2020 under a 20-year PPA at US$93.5/MWh. The deal was reached for a total consideration of US$284m together with an additional earn out conditioned to performance achievements.

This transaction is expected to establish a long-term relationship between Xuan Thien Group and EDP to jointly explore additional opportunities in the region contributing to accelerate EDP growth prospects in APAC.

With this transaction, EDP doubles its operational capacity in Vietnam, strengthening its presence in the APAC region, a market where it entered in 2021 and has been since reinforced with the integration of Sunseap in February 2022.

The transaction is subject to regulatory and other customary precedent conditions.

Hyperion Investment Advisory Limited was Xuan Thien's advisor in the transaction.

This information is disclosed pursuant to the terms and for the purposes of the article 17 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council.

EDP - Energias de Portugal. S.A.

Investor Relations

Department

phone +351 21 001 2834 ir@edp.com

EDP - Energias de Portugal, S.A.

Issuer of shares admitted to trading on a regulated market Head Office: Av. 24 de Julho, 12 1249-300 Lisboa Portugal

Share Capital € 3 965 681 012 Registered at the Commercial Registry Office of Lisbon under no. 500697256 Company Tax Number 500697256

Disclaimer

EDP - Energias de Portugal SA published this content on 27 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 June 2022 11:03:07 UTC.


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Net income 2022 876 M 896 M 896 M
Net Debt 2022 13 755 M 14 068 M 14 068 M
P/E ratio 2022 24,0x
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Nbr of Employees 12 907
Free-Float 66,8%
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Number of Analysts 22
Last Close Price 5,13 €
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Miguel Stilwell de Andrade Chief Executive Officer
Rui Manuel Rodrigues Lopes Teixeira Chief Financial Officer
João Luís Ramalho de Carvalho Talone Chairman-Supervisory Board
Rita Sousa Head-Compliance
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